§ 9037. — Payments to eligible candidates.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC9037]
TITLE 26--INTERNAL REVENUE CODE
Subtitle H--Financing of Presidential Election Campaigns
CHAPTER 96--PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
Sec. 9037. Payments to eligible candidates
(a) Establishment of account
The Secretary shall maintain in the Presidential Election Campaign
Fund established by section 9006(a), in addition to any account which he
maintains under such section, a separate account to be known as the
Presidential Primary Matching Payment Account. The Secretary shall
deposit into the matching payment account, for use by the candidate of
any political party who is eligible to receive payments under section
9033, the amount available after the Secretary determines that amounts
for payments under section 9006(c) and for payments under section
9008(b)(3) are available for such payments.
(b) Payments from the matching payment account
Upon receipt of a certification from the Commission under section
9036, but not before the beginning of the matching payment period, the
Secretary shall promptly transfer the amount certified by the Commission
from the matching payment account to the candidate. In making such
transfers to candidates of the same political party, the Secretary shall
seek to achieve an equitable distribution of funds available under
subsection (a), and the Secretary shall take into account, in seeking to
achieve an equitable distribution, the sequence in which such
certifications are received.
(Added Pub. L. 93-443, title IV, Sec. 408(c), Oct. 15, 1974, 88 Stat.
1300; amended Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), Oct. 4,
1976, 90 Stat. 1834.)
Amendments
1976--Subsec. (b). Pub. L. 94-455 struck out ``or his delegate''
after ``Secretary'' in three places.
Section Referred to in Other Sections
This section is referred to in sections 9006, 9032, 9033, 9034,
9036, 9038, 9042 of this title.
